Japanese firms invest in high-tech agriculture in Bac Ninh

August 03, 2017 | 15:01

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A group of three Japanese businesses have signed a Memorandum of Understanding (MoU) with a Vietnamese partner to invest in a high-tech agriculture project in the northern province of Bac Ninh.

Chairman Nguyen Thu Quynh in the meeting with Daisuke Ogiwara, executive director of Ogiwara

At an August 1 meeting with Nguyen Tu Quynh, Chairman of the Bac Ninh People's Committee, Ogiwara, Raycean, and Daimasa Engineering said that they are seeking for business opportunities in high-tech agriculture in the province.

Ogiwara, which specialises in growing mushroom on corn cores, now has the biggest enokitake market share in Japan. Raycean provides consultancy services and support for Japanese investors in Vietnam, while Daimasa Engineering specialises in solar energy and biogas production as well as solid waste treatment.

After a fact-finding trip in the province, the Japanese enterprises decided to cooperate with Lucavi in producing mushroom, melon, and export smoked wild duck to Japan.

Quynh asked the Department of Agriculture and Rural Development to develop the concentrated corn cultivation area and sign MOUs and long-term cooperation agreements with Japanese firms.

Regarding the export of smoked wild duck to Japan, the chairman asked Lucavi to build a detailed plan and then submit it to the people's committee for approval soon.

Bac Ninh has so far attracted more than 1,000 foreign firms, 80 of which are Japanese. Together with investing in industrial manufacturing, Japanese firms have invested in agriculture, including carrot and perilla cultivation for export to Japan.

According to the Ministry of Planning and Investment's Foreign Investment Agency, Bac Ninh attracted $2.95 billion worth of foreign investment in the first seven months of 2017, with the majority focusing on manufacturing and processing, ranking second among the country's most attractive FDI destinations.

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